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>> barack obama calls for compromise as the u.s. approaches the brink of another economic crisis. in a rare appearance on a u.s. talk show he appealed to congress to make a deal to avoid tipping the country into recession. you're watching al-jazeera live from london. also coming up, 21 policemen are buried in pakistan after being kidnap and shot by the taliban. anger and grief in india. candlelit vigils continue as the 22-year-old gang rape victim is cremated. plus moments of impact -- amateur video captures a russian plane after it overshoots a runway and crashes into a motorway. hello, president obama has made another appeal to the u.s. congress to reach an agreement in the next 48 hours to avoid the so-called fiscal cliff. it's a term used to describe the expiry of tax cuts dating back to 2001. if there is no deal, 88% of americans will end up paying $400 billion more in 2014. that will be coupled with more than a trillion dollars in automatic government spending cuts. according to the congressional budget office it will start with $200 billion in military and social welfare c
on the first part of that. >> democracy now! questions u.s. climate negotiator jonathan pershing about criticism of the failure to do more to cut emissions and save the planet from catastrophic climate change. we will speak with ronny jumeau and martin khor of the south centre in malaysia, and then anjali appadurai. >> you have been negotiating my whole life, you have failed to meet targets and a broken promises. >> a year after calling on world figures to do more to save the planet, the 22-year-old american college student was banned from the climate talks here in doha for the first week. she joins us today h. then we look at how the koch brothers are influencing climate policy.politic this is democracy now!, democracynow.org, the war and peace report. i'm amy goodman. the death toll from a massive typhoon in the southern philippines has doubled to more than 270 people. typhoon bopha is the most southerly typhoon ever recorded in the western pacific and the strongest to hit the philippines this year. 80,000 people have been forced to flee their homes. we will have more from doha after
today in what could be the last chance to come talk before the u.s. falls off the fiscal cliff next week. >>> investors are bracing for the final eurozone bond sale of the year. italy will sell up to 6 billion later today. >> and the yen has been sent lower and stocks to their highest level in 21 months. >>> this is the final "worldwide exchange" from london of the year. louisa is here for it. >> i can't believe it. it's my last working day of the year, as well. >> is it? >> yes. >> unfortunately we'll still be talking about the same thing we're talking about now. >> although i feel we'll be talking more debt ceiling, as well. >> and speaking of which, president obama is trying a last ditch effort to restart budget talks days before the u.s. goes over the fiscal cliff. speaker john boehner has called the house back into session sunday evening. house majority leader eric cantor is telling his members to be prepared to work through january 2nd. both sides are still far apart on taxes and spending cuts. harry reid says prospect deals by monday are unlikely. minority leader mitch mcconnell s
u.s. spending for defense at $699 billion. >> we can reduce that by well over a $100 billion a year. >> the range of new threats include cyber threats, bio threats, and a host of non-state actors. >> how do you do all of this on the budgets we have for the armed forces given the debt situation we have in our own country? >> that's going to be, i think, in many ways the biggest debate within the military, if not, in society at large. (instrumental music) >> in a democracy agreement is not essential, but participation is. >> never before in our history have we been so inter-connected with the rest of the world. >> foreign policy is actually not foreign. >> america has faced great hardship before and each time we have risen to the challenge. >> the ultimate test is to move our society from where it is to where it has never been. >> join us as we explore today's most critical global issues. join us for great decisions. (instrumental music) >> great decisions is produced by the foreign policy association, inspiring america's to learn more about the world. sponsorship of great decisions i
of the world if the u.s. fails to reach a deal? the u.s. is the world's largest economy, so it performance affects the other economies. -- so its performance affects the other economies. u.s. consumers will not have cash to spend on products from the big exporters. eu countries would be weekend in their fight against the financial crisis across the eurozone -- be weakened in their fight against the financial crisis across the eurozone. one economist says it is likely that president obama will negotiate a temporary deal. >> the importance of the u.s. this cliff is extremely -- u.s. fiscal cliff is extremely high. the main growth engines are firstly china, which will grow at about 8%. the u.s. is still very important. we are expecting growth of about 2%. if the u.s. goes off of this book with and you have very weak growth, that will be a huge dent in the global outlook and will have transmission of sex to the rest of the global economy at that time when the eurozone is still in recession in japan has also slid into recession. the risk is that this negotiation process could be protracted. i t
getting u.s. visa's and freezes their assets. so this bans u.s. officials from coming to russia, u.s. officials who have committed abuses and crimes against russian citizens. it shuts down n.g.o.'s in russia, and most controversially it makes it illegal for american families to adopt russian children. the argument is here, in terms of adoptions that russia has been concerned for sometime, that russian children who have been adopted in the u.s. have faced abuse, have not been treated well. but, critics of the kremlin would point out that there are many children here in russia who are treated horriblely too, and it's simply not right to bring in a total ban of russian orphans by u.s. families. >> ok, well steve we wait to see the impact of that. thanks very much. and indian paramedic student fights for her life. her doctors say he suffered brain injuries after she was gang raped. that's a common enough experience in india, but this particularly brutal attack by six men on a group bus has sparked anger and demands for tougher penalties for rapists. political leaders have been criticized
to 2030. they say the u.s. won't be the world's only superpower. the council says china will pass the u.s. economically a few years before 2030. the council's analysts say the u.s. will remain unrivaled in its ability to orchestrate all aspects of power including the military it the analysts say the japanese economy will gradually shrink as the population ages and the labor force contracts. they say japan will retain fourth place in terms of overall power, trailing only the u.s., china and india. the council experts say asian countries such as india and indonesia are likely to boost their military power. but they warn of an arms race in asia. if the u.s. scales back its military commitment in the region. they say some tionmay begin developing nuclear weapons. new car sales are fueling china's economy. sales grew 8.2% in november from the same time last year. officials say nearly 1.8 million units were sold last month. japanese firms lost out after chinese consumers boytted their vehicles over a territorial dispute. they saw a slight improvement last month. total new car sales this china w
>>> weaker yen, stronger dollar. the u.s. currency is trading at the upper yen level. that's the highest lel in 24 months. the dollar yen is strading at 84.74 to 75 in tokyo. earlier the dollar hit 84.96 yen at one stage. investigato investors are buying yen. >> the central bank will face further pressure. >> we're going to get some more answers as the new administrati administration launches on wednesday. the ps is on. he's talking about revising the law to set target of 2%. >> we think the yen we think it's supporting for weaker yen. european debt concern should be eased things to esm. >> let's get a check on how tokyo stocks are reacting. it's currently at 10,094. a gain of 1.6% from friday's close. many analysts think the trend will continue. in other business headlines the rate of unpaid tensipensions inn hit a record high. around 26% or more than 4.5 million of those enrolled failed to pay premiums between april 2009 and march 2011. 74% said they couldn't pay because the premium is too high. 10% refuse to pay because they couldn't trust the system. the monthly premium
they found in lebanon. al jazeera. northeastern lebanon. >> eight u.s. soldiers are suing the tokyo and to power co. for alleged radiation exposure. they claim it lied about the threat posed by leaks after the march 2011 earthquake and tsunami. the damp -- that they missed the fukushima nuclear plant. heavy 8 were involved in relief operations in areas around the plant. japan piece in the government says it whalers are heading out to the sea but only carrying out research. the main group departed on the annual hunt in the southern ocean surrounding antarctica. japan introduced scientific whaling to avoid a commercial willing than under a 1986 moratorium. a man and australia survived being mauled by a shark. he was serving in new south wales. he lost a finger and chunk of his five. putting on a brave face for the cameras but shark attacks are unusual this time of year. >> the dolphins swimming all around him and all of the sudden the sharp just comes up and took for the chunks out of him and then he'd actually put the nose of the board into the bull shark's head. >> did a marvelous j
businesses major corporations. what can we do for you? >> and now, "bbc world news." >> can u.s. politicians reached a deal to stop tax rises in spending cuts from damaging the american and the global economy? hillary clinton is being treated at this hospital in new york. she has a blood clot. there's concern over the health of the venezuelan president who has suffered complications after cancer surgery in cuba. walk into bbc world news. coming up, and look back at the british troops as they prepared handover to afghan forces. new zealand becomes the first major city to welcome 2013. time is running out for politicians in the united states to strike a deal to prevent the economy from going over the so- called fiscal cliff. that is when a package of automatic spending cuts and tax rises comes into fact which could set the country back into recession. that less than 20 hours into the generate the first deadline. >> as night descended on washington, no deal precentors went home with a low over 24 hours to go before the huge austerity package known as the fiscal cliff, something almost nobody wa
it in perspective. the euro/u.s. dollar didn't move that much whatsoever. from that point of view, i don't think that we just have to look at today or the last two days of development in euro/u.s. dollar. of course, global trade is really important for the german economy. it continues to be very important. even from a private consumption point of view, we did have quite a bit of support as of late. also because of the wages. and looking at the world bank report, also looking at the asian economies in 2013, 2014, them seeing a little better picture is very good for the german economy and not to speak about the turnaround in the u.s. which seems to be stabilizing, looking this also at the housing market. so business sentiment better than expected. it is rising. the current conditions a little weaker than expected. add to that the financial analyst numbers we had as of late, also better than expected. not too bad. >> patricia, we'll see you again next hour. thank you very much for following all the latest there. >> sure. >>> now, shares in ubs have edged up in early trade after the bank announced a
finds. we see falling u.s. demand, rising supply. we see miles driven. there's technology at play. probably the biggest thing that could happen to the auto industry and we can come on to that. that's only a few years out. the message from the futures market that we're get sg oil should be some $10 to $15 lower. if we were to get $10 off the oil price, it broadly equate toes about 1% gdp surprising the western world. it's that time of year where we're pending our thoughts to next year. tangible, economic prices to next year. it will be oil related, a chance, good job with raising the tax threshold in the uk. that means for the first year in five. uk link will be up, not down. and them i also think thattory thing our chancellor did a good job of was she raised taxes by 10 so companies can invest a 215 pounds, not just 200 pounds. >> that's a leverage the other governments have been trying to pull. but your point is interesting. it's not just the uk we were seeing there. and it goes back to the point you were making about oil. u.s. retail gas prices are down 16% since their peak this
for putting the alliance with the u.s. in danger by flip-flopping on relocating american bases. you know, opposition parties will be making these same arguments to voters. >> so how do you rate the opposition's chances of winning? >> mm-hmm. recent polls suggest that main opposition leader democrats could regain power. you know, leader shinzo abe has already served as a prime minister in 2006 and '07. he says he would not yield in territorial fight with china and would increase defense spending if necessary. at the same time, he said he would do more to mend economic ties. he said if deflation persists he might delay the hike in the consumption tax. he has piled the pressure on the central bank to do more to ease monetary policy. he has said the government policy of phasing out nuclear power by the 2030s is unrealistic and irresponsible. >> so how about all these new parties that we're hearing about? >> well, voters who are tired of the establishment could support what are known as the third force. former tokyo governor shintaro ishihara leads the restoration party. its candidates are as
the u.s. currency hits a 20-month high against the yen. investors are keeping a keen eye on how far the dollar will go against the yen. the u.s. currency reached the upper 84-yen level in new york for the first time in 20 months. the dollar hit 84.95 yen at one stage on monday in new york. investors bought the dollar against the yen after liberal democratic party leader shinzo abe said his new government may reach an agreement with japan's central bank on an inflation target. there is speculation the central bank may come under further pressure for monetary easing measures. the dollar/yen is currently trading at 84.82 to 85. >> catherine, the incoming leader abe has even mentioned revising the bank of japan law which adds more pressure onto the central bank of japan. now, a bit of background, the boj decided last week to extend its asset purchase program by 10 trillion yen, but many investors think the bank needs to do more, still. let's go to ramin mellegard who is at the tokyo stock exchange to get a check on how all of this is affecting tokyo markets. ramin, good morning. >> good
for you. >>> the u.s. is set to go over the fiscal cliff in five days. that means taxes will go up for nearly every american. dramatic spending cuts will kick in. president obama and congress will be back from vacation tomorrow. but will anything get done? >>> plus, wild winter weather sweeping through the country. we'll bring you the latest details on which part of the u.s. could be hit next. cnbc's "worldwide exchange" starts now. >>> and welcome to a special edition of reside worldwide. ross andcle reoff today for boxes day in -- kelly are off today for boxing day. for now, you is us. >> we'll start with a brief check on the markets. energy and metals are trading higher now, wtis up about 55 cents. brent crude up 65 cents. also want to check in on the gold price, as well. gold right now down about slightly under the flat line there, 1,-658. well below the 1,700 mark. the cme globex has been closed for christmas. it's going to reopen at 6:00 a.m. eastern time. that goes for treasuries and the foreign exchange market, as well. >> as for action in the overseas markets, the u.k. is
to new york and take a look at housing figures in the u.s. it looks like the real estate sector may be moving on up. here in london, will be picture be so optimistic? mortgage and retail figures out later this morning should give us an indication. >>> plus, in a global exclusive, cnbc's geoff cutmore speaks with alex ushmanov on his return on facebook, and his outlook for the xwloeshl economy. >>> welcome back to the program. it's been a busy year. after 12 months of uneven growth, the prospects for 2013 look equally uncertain. billionaire investor and russia's wealthiest man alisher usmanov told cnbc's geoff cutmore that rebalance of growth is need. >> 2013 will be a year where we need to search for solutions. there is a big discussion going on about the state of the global economy. everyone is involved in that debate, in that discussion about wa to do. governments, central banks, economists, businessmen, scholars. so as far as i'm concerned, what really worried me and what i think is the real cause of the uncertainty is the enormous disparity that exists between the various moneta
three weeks left before the u.s. goes over the fiscal cliff. >>> italian shares are down nearly 3% this morning. for the most part, it is bank stocks leading the way down. we're now down about 2.76% on the ftse mib. bank stocks have been hit particularly hard this morning. earlier, we saw shares down 5.6%. we're seeing the same thing, whether it's bmps hitting session lows down nearly 6% comes amid concerns about leadership and economic reform in italy following mario monte's announcement that he'll resign once the budget has been passed. this move is likely to bring the country forward to elections next year. the italian prime minister has offered no clue as to whether or not he will run and it comes after sylvia berlusconi declared over the weekend he would throw his hat in the ring for the job of premier. carolyn ross is in italy following the details there. can you walk us through the time frame here? when are we expected monte to step down? what happens next? >> good morning to you, kelly. here is the time frame for you. over the next few weeks, we're expecting the budget sta
. the longer this goes on, the bigger that challenge is. >> is your warning for u.s. action or action in conjunction? >> the secretary is urgently meeting with russian representatives and lots of elements of the state department are meeting with our alies. the potential for recognition of the new syrian national council is something we would be doing, a step our alies have taken. i commend ambassador ford for their leadership on the plementic side to deal with this grinding, painful, two-year-long conflict. the differences are far less important than the commonality, which the president has made a clear declaration, which we will back. thank you. captions copyright national cable satellite corp. 2012] [captioning performed by national captioning institute] >> you are going to hear from senator leiberman at the foundation for defense of democracy. they are hosting a forum called "dictators and dissidents." we'll take you live to the event with remarks from incoming chairman ed royce and senator bob casey and talking about syria and tensions in iran coming up in a few minutes. we will b
-- >> in the u.s., president obama makes a last ditch attempt to find a budget compromise. >> in the angry and protests in the streets of regain rate. doctors warn the victim's condition is getting worse. >> and running the sydney yacht race for a sixth time. >> within the next hour, president barack obama is set to meet with top republicans to discuss the nation's looming fiscal clit. white house aides have indicated that obama will discuss measures for avoiding the rest of the automatic spending cuts and tax hikes that will bite if lawmakers fail to come up with a plan. >> pessimism remains the prevailing mood in washington as the january deadline rapidly approaches. neither democrats nor republicans have any new proposals for a workable compromise. >> the starbucks coffee chain has urged its workers in washington, d.c., area to write "come together" on the cups, a plea for party leaders to work out a compromise, but some customers say that is not enough. >> i mean, i like with starbucks is riding on the cups. i wish they would write, like, something else, like "republicans, stop being s
to fishermen about the increasing dangers of working in disputed waters. >> u.s. president barack obama says he still hopes congress can reach agreement to avoid the so- called fiscal cliff. obama met congressional leaders at the white house on friday to discuss a deal. he said the talks were constructive, but did issue a warning on behalf of the american people, demanding congress take action. >> america wonders why it is that in this town, for some reason, you cannot get stuff done in an organized time table, where everything has to wait till the last minute. we are now of the last minute. in the american people are not going to have any patients for a politically self-inflicted wound to our economy. >> the president said he was modestly optimistic that the january 1 deadline for the fiscal cliff could be averted, but that is contingent on a vote in the senate on a compromise bill, and that will have to get an up or down vote. there is a majority for that, with some tax increases for upper-income people. the question is what level would be acceptable to republicans. more crucial to that is, w
of our u.s. voouers to find cnbc world because they could get three hours of you, carol and carolin for the rest of the week. >> whatever they can do. record it and fast forward to the good bits. >> yeah. >> it will be 2:00, 3:00 in the morning or whatever. >>> on today's show, plenty to come on. >> yes. the south american union faces ejection from the imf for allegedly cooking its books about the innation rate. we'll head out to europe where the swiss banking giants could be facing $1.6 billion over libor rate rigging allegations. >> and we'll be on the floor in beijing where china's leaders just wrapped up a major conference. >>> and japan's prime minister election is calling on the bank of japan to heed the call of the masses. abe is beating the heat on the boj just one day after his party's huge win and two days after the bank's next rate setting meeting. kaori enjoji has the latest for us. how much of a game changer is all this? >> this is a serious game changer. it's a comeback for the dlp and shinzo abe. he has made it clear that the economy and economic recovery is going to
surrounding the talks, treasury secretary timothy geithner warned this week the u.s. will not be able to pay its creditors after monday unless the debt ceiling is raised. we will have more on the fiscal cliff talks, speaking with congressmember dennis kucinich after the headlines. environmental protection agency head lisa jackson has announced a resignation ahead of president obama's second term. jackson departs after a four- year tenure that saw advances in the regulation of environmentally harpo practices such as mountaintop removal and the emissions of harmful chemicals from industrial plants. it was marred by a number of key disappointments on environmental issues. president obama rejected jackson's proposal for tougher regulations on smog pollution last year, even though jackson submitted a proposal she viewed as a major compromise. she has recently tried to impose restrictions on carbon emissions from new power plants, drawing a concerted republican and corporate pushback. after ignoring global warming in the 2012 campaign, obama has recently vowed to address it during his second term.
as well. europe and the u.s. until recently liked to think these dark times were in the past and religious violence was somewhere else, in societies more allegedly primitive, less characterized by heritage of christian values. today we have many reasons to doubt that. our situation calls urgently for critical self examination as we try to uncover the roots of ugly fears and suspicions that currently disfigure all western democracies. in april of 2011 a lot affect in france according to which it is illegal to cover the face in any public space from march to marketplaces to shops, although the law does not mention the word women, muslim, bertha or bail it was introduced by president nicolas sarkozy and a ban on muslim veiling which according to him imprisons women and threatens french values of dignity and equality. the new law makes illegal the barca but france is the first country to enact a full ban on the burke that in public space similar restrictions of being considered all over europe and many countries in regions that adopted some type. on april 28, 2011, the chamber of representativ
>>> the formalitier government is accused of being sent rick. >> massive write-downs n u.s. and brazil while warning over a week's global recovery. >>> and hsbc agreed to settle money laundering charges, paying a record $1.9 billion fine. >>> and we're getting the bumping out here today, not only because it's christmas, but -- >> because james ferguson is here. >> and we are finally in the same place at the same time. ♪ reunited and it feels so good ♪ >> there we go. >> my apologies to everyone for that. >> how about that voice? i feel a christmas sing along coming on at some point. >> it's the holt day spirit. >> it is. >> also, we are outside the u.s. senate. we're going to see just how much progress has been made or how little progress between the president and congress on the fiscal cliff situation. >>> and we'll find out just how much the european debt crisis has affected tourist's willingness to travel to southern europe. >> and then south korea's presidential election, yes, it's not just japan, and what to expect from the winner. >>> let's just plug you into wher
. and the head of the u.s. gold lobby goes on -- the u.s. gun lobby goes on television to defend his position that guns should be in every school. and trouble in south africa. hello there. welcome to the program. all they were trying to do was buy bread. it turned into a tragedy in central syria. dozens of people are reported to have died when the bakery they were queuing at was destroyed. the un envoy arrived in syria for more talks. we have this. >> panic, chaos, anger. this is the aftermath of what the opposition says was an air strike carried out by a syrian fighter jet. those killed and wounded were queueing outside a bakery. only five days ago, this area was under the control of government forces. the rebels recently opened a new battle for this section of central syria. the state still has superior firepower to the strike back. the government says it is willing to engage in dialogue, but the other side is not. >> i have general advice. time is getting short. hurry and move toward us. these military efforts to topple the government are not getting rid of the president or occupying the c
's look at the facts. according to the u.n.'s office on drugs and crime, the u.s. gun homicide rate is 30 times that of france or australia. it is 12 times higher than the average for other developed countries. why is that? if psychology is the main course, we should see that we have 12 times as many psychologically disturbed people as the average. we don't. in fact, america takes mental disorders seriously, treats them and doesn't stigmatize them. we do better in this area than most of our peers. is america's popular culture much worse than other rich countries? not really since it's largely the same popular culture worldwide. england and wales are exposed to cultural influences as the u.s. yet, their rate of gun homicide is some 3% of ours. the japanese are at the cutting edge of the world of video games, yet the u.n. puts their gun homicide rate at close to zero. why? well, they have one of the most restrictive series of gun laws in the world. when looking internationally, it is obvious that the one feature of america that would explain why we have so much more gun violence than the re
to u.s. exporters may be showing signs of stabilizing, maybe get to growth. so that might mean moderation in the eurozone might ease in the first quarter. but again, this is all dependent on what happens with that ongoing debt crisis and any step back in resolving that would obviously have a knock-on effect to the economy. >> i'm wondering whether germany as we look at -- they're just above sort of recession territory at the moment. i'm wondering whether if they get better growth out of asia, that will offset the weakness that they're seeing in europe enough to keep them above the pencil line. >> what we've seen so far with today's numbers is exports are declining very sharp. they'll need asia and the u.s. to offset some of that demand weakness, but again, the biggest market for most is the euro zone. if the eurozone is performing badly, that will have a thok-on effect for those countries. >> there's a number of strategists saying after the u.s. has sort of led equities for most of the year, they're now saying europe is the place to be. from i think really the question you have
this hour about an urgent national security issue. u.s.-led efforts to try to track down and eliminate loose nuclear weapons. that's coming up. >>> also, frightening now revelations about an al qaeda plot for a three-part terror attack on the united states embassy in iman, jordan. i'll ask the country's foreign minister for details. he's standing by live. i'm wolf blitzer. you're in "the situation room." >>> we begin this afternoon with brand-new republican offers to try to save the $2.2 trillion and avoid the so-called fiscal cliff. the across-the-board spending cuts and sharp tax increases that hit in just 29 days. let's get straight to our senior congressional correspondent dana bash. she's watching what's going on. dana, the tax rates, first of all, let's get to a major sticking point right now. there's been a counterproposal from house republicans to the white house. you have details. >> reporter: that's right. let's start exactly where you just began on those tax rates because that has become the big divide between the two sides. the answer is the house republicans are not budging. the
of just 2.5% in the u.s., 1.5% in canada and zero growth in the uk. locally, cutbacks in government spending weighed on the numbers and lower commodity prices also impacted on cash flow and the government is facing more criticism about its effort to keep the budget in surplus while the economy grows. >> the government has had the objective of making sure that we would bring our budget back to surplus when growth has been around trend. what we've been seeking to do through good budget policy has been to provide maximum flexibility to the reserve bank to a just rate so. the government will always put in place appropriate budget settings which will support growth and jobs. >> still, analysts say growth could slow further as the mining investment boom peaks. yesterday, the bank of australia cut interest rates to a record low of 3% and traders are looking further easing next year to offset the falling talks of trade, the high australian daughter and further cutbacks in government spending. >> despite that prognosis for rates and the fact that we're now matching the record lows here, the
a number of british banks. there are several investigations in the u.s. by the securities and exchange commission concerning whether deutsche bank under reported risk in connection with mortgage securities and derivatives. that is particularly ironic. during the financial crisis, deutsche bank was very pleased that it did not call for -- ask for government help, did not ask for a bailout, and it came to the crisis allegedly unscathed. all of this casting doubt about whether deutsche bank's reputation is as golden as it was thought to be. >> thank you very much for joining us, melinda. >> we turn to the markets. the tax-evasion probe was the governing topic there, too. have this report from the frankfurt stock exchange. in the investigation against deutsche bank have been the big issue on the frankfurt -- >> the investigation against which a bank have been the big issue. the co-ceo is under investigation. experts fear there might be heavy image problems for deutsche bank, not because of these investigations, but also because of the fact that there might have been market manipulations ma
in afghanistan. the u.s. contractor is killed. plus -- india's prime minister appeals for calm after a second day of violent street protests. plus, bringing life to the desert. qatar brings ca hopes for those struggling to grow their own food. syria's president bashar al- assad says his government will do whatever it can to end the crisis in syria. his comments on state tv followed a meeting of the u.n. peace envoy to syria lakdar brahimi. he also says he is cooperating with lakdar brahimi, who is on a two-day visit. it coincides with a missile strike. scores of civilians killed in the attack. in the northern city of aleppo rebel fighters say they captured a military base. russia's foreign minister says he received guarantees from president assad he will not use chemical weapons against rebels. >> i met president assad and we exchanged views on the next steps that can be taken to move forward. the president spoke of his viewpoint and i told of what i gathered from my many meetings i of that indifference cities and with various officials in the region and outside the region. we also discussed the
's analytics and joining me in studio is christine romans. the gdp for the u.s. grew at 3.1% over the summer. that's more than double the rate of the previous quarter. you can see the chart, it's been choppy, but it looks like we're going in the right direction. america's economy is gaining pace, doing better than expected. and we've been saying the 2013 could be the year of a real economic renaissance in the united states or at least the beginning of one. talk to me about the consequences to our prosperity if washington doesn't reach a deal. >> the consequences are not good. so what the numbers are telling you is that the private sector is healing. and if the private sector were left to its own devices, it would heal faster. unfortunately, washington is getting in the way. and what we find out this week, ali, is that the problem is not just a lack of trust between democrats and republicans, we found out that the republicans themselves can't unite. which means that the cooperative solution that you need to solve this country's headwinds becomes much more difficult, which means that the priva
the first piece of damage we may see, which we saw during the debt ceiling debate, the idea that the u.s. gets its credit rating hurt again. there's been some talk about it from fitch. the net result of lowering the u.s.' credit rating the last time around and-in the debt debacle, it's kind of sad because the first experience most people have with that is it wasn't as bad as we were warned it was going to be. is there a real danger to the u.s.' debt rating and what could that mean? >> at some point, there was a danger. the reason why we haven't felt it is because we've been doing better than rest of the world. this concept that my colleague, bill gross says, wear the cle cleanest dirty shirt. so we're not clean but we're cleaner than europe is right now. >> right. >> so we haven't felt it. my main worry is the following, that if the republicans and democrats can't get together to solve the fiscal cliff you will need an external force, a major market sell-off, you will need a major economic trauma to get them to poex. >> other things have been on the table. i want to talk to our viewers a
on the provincial capital. meanwhile, rate continues to be a major issue for the u.s. military. the number of sexual assaults reported at military academies has increased by nearly 25% this year amid signs many victims are remaining silent. a military report says the number of assaults at the country's three military academies jumped from 65 last year to 80 in 2012. but nearly half those attacks involved victims who sought confidential resources such as medical care and did not prompt an investigation. more than half of women at u.s. military academies have been sexually harassed while 12% say they experienced unwanted sexual contact according to an anonymous military survey. a new report says four israeli attacks launched on journalists and media facilities are in the bombardment of gaza last month violated the laws of war by targeting civilians and civilian objects. human rights watch issued the findings thursday on the attacks that killed two palestinian camera people, wounded at least 10 media workers, and damaged four media offices. one strike also killed a 2-year- old boy who lived across from
have the capacity as a u.s. military to have policy as well. that's a global capability. but that means that they respected the choices that are made by other powers we want to sustain a presence in the asia-pacific. same to is the middle east. as you look at these different areas i think that there are terrific opportunist who engage with china on each of them. and to fundamentally ask the question and try to answer the question secretary clinton and state counselors have been engaging for some time, and that is can we get a better answer than we have had in the past two how a new rise in power comes to the international system. and can we do so without running significant risks or indeed fall into conflict. >> thanks. please. >> i agree with everything the undersecretary has said your, and, in fact, admiral sam locklear underscore those pushes a couple days ago in australia. talking about engagement and that strategic trust. but it's interesting that the chinese tend to look at the american, ma asia pacific give it a sort of a continuing strategy. which speaks to the inability to real
later, we will discuss the recent increase in u.s. manufacturing. we will also take your calls, e- mails and tweets. "washington journal" is next. host: good morning, it's wednesday, december 19, 2012. the white house has thrown its support behind several gun- control measures on tuesday in the wake of the shooting rampage in newtown, connecticut. a state department inquiry into the september 11 terror attack in benghazi, libya, criticized the agency harshly for inadequate security that -- but specificrecommend signi individuals. and we begin today in on the details of john boehner's plan to avoid the fiscal cliff. we want to hear from you. how optimistic are you that a compromise can still be reached before the end of the year? give us a call -- and you can get up with us on all your social media web sites on facebook and twitter, or e- mail us. a very good morning to you. i want to take you to the lead story in today's washington post. that was today's washington post. here's the headlines from "politico" today. i want to take you to speaker john boehner's comments on the state
,965. the nasdaq fell eight points to close at 3002. a number of automakers posted strong u.s. sales in november, among them chrysler, ford, and toyota. chrysler and toyota reported sales increases in the double digits, over a year ago. ford sales rose more than 6%, but g.m. reported only a 3% increase. volkswagen had its best november since 1973. in syria, the u.n. announced it is pulling out non-essential international staff for their own safety. those who remain will be restricted to the capital city, damascus. separately, the u.s. voiced mounting concern about activity at syrian government sites storing chemical weapons. this afternoon, president obama warned syrian leader bashar al- assad not to cross that line. oday i want to make it absolutely clear to assad and those under his command, the world is watching. the use of chemical weapons is and would be totally unacceptable. and if you make the tragic mistake of using these weapons, there will be consequences. and you will be held accountable. >> sreenivasan: in response, syria's government released a statement saying it would never use ch
a collaborative flee to support the u.s. efforts and what is a very challenging and dynamic security humanitarian and diplomatic context. thank you very much for your testimony. we will take a brief break while the second panel comes. >> we would like to now turn to the second panel one today's hearing about mali and the path forward. our second panel will include mr. niikwao akuetteh and joining us live this is our first attempt at live testimony by google [inaudible] i suspect nobody has testified by this, the thing i didn't know existed. so my thanks to the technical assistance and the policy support of several very capable folks who made this happen. dr. fomunyoh you may begin and we appreciate your testimony today >> thank you, chairman to an and ranking member isaacson pivot on behalf of the national democratic institute, have the opportunity to discuss the political developments in mali. today crisis is two-thirds of the country which is humanitarian and has admitted for under 50,000 people. the political uncertainty in the capitol and the severe food shortage that is affecting the entire
gainers at the open. they're refraining from major moves to confirm the next steps in the u.s. budget talks. the obama administration and opposition republicans remain at odds over how to avert the falling off the fiscal cliff. let's take a look at currency markets. the dollar is also little change against the yen as u.s. budget talks continue. dollar/yen is in the upper 81 levels, 81.88 to 90. the euro, that is higher against the yen, 107.27 to 30 at the moment. worries are reseeding over eurozone debts. let's take a look at other markets in the apple open. kospi is trading flat on the day, 1,934. looking at australia, the benchmark index is trading higher by 1/10 of a percent, 4,508. modest moves so far this morning in the asia pacific. >>> japan and india launched a new framework to provide bilateral credit in u.s. dollars. the aim is to ease the impact of possible turmoil in the global financial markets on asia. the two countries worked out the details on tuesday. japan's prime minister and his indian counterpart had signed the currency agreement a year ago. under the framework bo
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